Why would Singapore e-commerce company do its IPO in New York

Sea Ltd, Southeast Asia’s most valuable start-up, is prepping for a US$1 billion initial public offering in the United States, a move that would be a major pivot for Southeast Asia’s rapidly expanding tech industry.

The online gaming and e-commerce company, formerly known as Garena, has filed for a listing with the US Securities and Exchange Commission, according to a recent report by Bloomberg. The Singapore-based company has appointed Goldman Sachs to be its lead adviser and it could list as early as 2018. A representative with Sea declined to comment on the rumoured IPO. […]